I'm old enough to remember his bullshit exposed real time. About 10 years ago he was writing weekly columns for yahoo finance. In one column he bragged about how he was a big believer in gold and had continuously held substantantial gold positions since the early 80s. Someone asked if he had so much gold, why he said he was broke and living in his car in the late 80s. There were literally 5000 posts like this pointing out his discrepancies and falsehoods in the column within 24 hours every column he posted. He lasted about 8 weeks...
Rich Dad Poor Dad?
- Thread starter onelettershor
- Start date
I'm old enough to remember his bullshit exposed real time. About 10 years ago he was writing weekly columns for yahoo finance. In one column he bragged about how he was a big believer in gold and had continuously held substantantial gold positions since the early 80s. Someone asked if he had so much gold, why he said he was broke and living in his car in the late 80s. There were literally 5000 posts like this pointing out his discrepancies and falsehoods in the column within 24 hours every column he posted. He lasted about 8 weeks...
jazzc
Elite Member
- Jan 27, 2009
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The important part is: His strategy worked. In the end, why would anyone care if he bullshit-ed his way into riches other than to learn something from it?
I think any theoretical business books are a complete waste of time. Books that deal with business history, fundamentals, laws surrounding business can be worth while, but reading a book about business theory is a complete waste. Like SEO anyone can come off as an expert in written words. They only make those books to grow their brand, diversify their income and a slew of other reasons. Who wants to read some old guy's philosophy on business when the guy only has $100k in the bank and his "millions" tied up in stocks. He's a millionaire sure, but he doesn't live like the millionaire we all have in mind.
Not only that, but those books will more than likely cause you to have more questions than you originally had. With that you'll procrastinate and suffer from permanent analysis paralysis. I'd rather spend my time listening to music and staring at the wall.
Capo Dei Capi
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- Oct 23, 2014
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IDK how it is for other countries, but in the states, becoming at least well off from real estate is easy. All you need to do is get a FHA loan for a fourplex, live in 1 and rent the other three out
Tunenchi
Regular Member
- Jun 30, 2011
- 280
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I read the book at least twice, he has a great story. I went far to read 3 of his other books; *Retire Young & Rich* *Quadrant of Cash Flow* & *Rich Kid, Smart Kid* well I still think there are better books on my opinion. Basically, I read the books because of Kiyosaki.
Tony Robbins on the other hand is inspirational, I can say better than Kiyosaki.
Tony Robbins on the other hand is inspirational, I can say better than Kiyosaki.
In the end, why would anyone care if he bullshit-ed his way into riches other than to learn something from it?
For the same reason we have a shitlist on BHW.
moneymagnet246
Power Member
- Aug 13, 2014
- 544
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Yeah of course but its true to an extent and something that should looked into a little bit more deeply. It is beneficial in some cases though (at least in my opinion).
Conor
Elite Member
- Nov 7, 2012
- 3,621
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I read one of his books, not sure which one it was though, it was quite a while ago.
In my opinion, I don't care if the guy was/is a con artist or not. If the book motivated you to go out and make money, and you did, then it served its purpose.
I've been trying to find time to finish Think and Grow Rich for a while now as well. I tend to procrastinate when it comes to reading these days, unfortunately.
In my opinion, I don't care if the guy was/is a con artist or not. If the book motivated you to go out and make money, and you did, then it served its purpose.
I've been trying to find time to finish Think and Grow Rich for a while now as well. I tend to procrastinate when it comes to reading these days, unfortunately.
issorc
Senior Member
- Feb 20, 2016
- 826
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Have been reading it aswell as Cashflow Quadrant, at least those books are written in an entertaining and motivating way. But from the entertaining aspect, I enjoyed reading The Richest Man In Babylon more and that has some better points in my opinion on less sites, even if it deals with some old babylonian dudes
rodyrathore
Junior Member
- Jul 25, 2015
- 104
- 12
i didn;t read it yet. but i heared great feedback from other readers. will read on next weekend.
BTW what moral idea you have gotten in this?
BTW what moral idea you have gotten in this?
Tove
Power Member
- Jun 21, 2015
- 734
- 590
I read it, it's basic stuff like on most books. 90% business books are actually motivational books, none of them will directly help you with your business, but more give you ideas on what you can improve.
I made a mistake when I was starting out I read books, when in reality none of them helped me, just pure testing and working my ass off.
I made a mistake when I was starting out I read books, when in reality none of them helped me, just pure testing and working my ass off.
Capo Dei Capi
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If a house is a liability like he claims, then how can you get a loan out on the value of the house?
- Mar 21, 2013
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He does not say any house is a liability. If you own the house and rent it, it's a plus. He calls it a liability when 90% of the folks who buy houses never pay the debt and enter the hamster wheel chasing money to pay the mortgage.
If you invest in a house and receive proceeds from it, it's not a liability.
Capo Dei Capi
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He is also not a real estate expert, he is running a con game. Most experts consider a mortgage free home to be an asset.
- Mar 21, 2013
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If you live in it, it's a passive asset. If you rent it, it's an active asset.
Rich Dad Poor Dad says rich folks should invest only in active assets. He never says all real estate are liabilities, he just says if you enter the hamster wheel and start getting in debt to buy a bigger and bigger home, then you are creating liabilities and not active assets.
Read books from people who only make money selling shit information, that they don't make money doing. Their money comes from their shit books.
You want to pass the retard test, buy their books. Yeah. Who has time for that shit.
I have a very comfortable life. I do not write books about it, as I have no fucking need. However this is far over the average simpletons mind. Shocking how people fall for this 1970's marketing shite.
wisdomkid
Elite Member
- Jun 20, 2011
- 3,582
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Basically, the internet is a platform, where everyone is automatically a scam or con artist. It won't be surprising to see that someone has posted that Bill Gates is a con artist and he's really just worth 1,000 USD only
